Nick Grant

Nick Grant applauded the proactive credit measures and asked about the bank's perspective on franchise upstream optionality, such as M&A activity, as a strategy to enhance shareholder value, especially given the improved tangible book value and increasing industry M&A.

Answer

Eric Newell, CFO, stated that the bank is focused on its strategic plan to build shareholder value through C&I diversification, improving its funding profile, and enhancing pre-provision net revenue, which should drive improved ROA and ROTC. Susan Riel, Chair, President, and CEO, added that the board continuously evaluates all options that could add value for shareholders.

Nick Grant of North Reef Capital commended EagleBank's proactive credit measures and inquired about the company's perspective on franchise upstream optionality, such as M&A, as a means to enhance shareholder value, given increasing industry activity.

Answer

Eric Newell, CFO, stated that EagleBank's primary focus is on executing its strategic plan to build shareholder value through C&I diversification, improving the funding profile, and enhancing pre-provision net revenue, ROA, and ROTC. Susan Riel, Chair, President and CEO, added that the board continuously evaluates all options that could add value for shareholders, including potential M&A opportunities.